Reuters
U.S. lawmakers probe Kabbage, BlueVine and partner banks over pandemic loans -letters
U.S. lawmakers have opened an investigation into financial technology companies Kabbage Inc and BlueVine and their partner banks for their roles in distributing billions of dollars in pandemic aid to small businesses, according to letters seen by Reuters. The loan scheme, known as the Paycheck Protection Program (PPP), has drawn criticism from regulators and the media for failing to implement…
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